JLens Urges Intel Shareholders to Vote Against Proposal 7

JLens urged shareholders of Intel to vote AGAINST a shareholder proposal that it believes aligns with the objectives of the Boycott, Divestment, and Sanctions, BDS, movement, which seeks to apply economic pressure on companies operating in Israel. JLens argues that Proposal 7, which will be voted on at the Intel annual meeting on May 13, 2026, seeks to advance geopolitical activism at the expense of long-term shareholder value. The proposal calls for the Intel Board of Directors to report on the effectiveness of the Company's human rights due diligence processes in conflict-affected and high-risk areas, CAHRAs, with particular reference to Israel and the "Occupied Palestinian Territory," as well as a limited number of other CAHRAs. Intel has long been a target of BDS-related activism because of its substantial operations in Israel, and the Company's Board of Directors has recommended that shareholders vote AGAINST the proposal. "Proposal 7 purports to be motivated by a concern for human rights, but in practice seeks to discourage legitimate business activity conducted by a publicly traded technology company operating in Israel," said Ari Hoffnung, Managing Director of JLens. "In our view, it would do nothing to enhance human rights oversight or create shareholder value, and instead reflects the Boycott, Divestment, and Sanctions movement's efforts to target companies operating in Israel."